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Not sure how on board I am with the "money is tight" argument.
If you don't care what you read and are happy with promotional freebies, indie freebies, free PD books, and NetGalley arcs (Be a reviewer! Come to the dark side!), then an eReader works out to mere pennies per book.
On the other hand, if you REALLY want to read, say, X specific book, then it's possible that an eReader isn't saving you money in the long run... unless you're the type that needs it on release day, in which case you *might* save money if the eBook is cheaper than the hardcover (big if).
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